Personal Loans through Peer to Peer Lending: 7.93% APR

Recently we’ve seen banks and credit unions cut back credit lines, raise interest rates and limit new loans to those consumers with perfect credit scores. In most cases, if you’re in need of a loan from a bank, you’re probably ineligible to receive one. The vast majority of even the most well intentioned borrowers have undoubtedly seen their local bank or credit union deny their loan application.

These new restrictions on both Read more…

Could Facebook.com enter the online banking industry?

An interesting question was posed over at Ecademy.com by writer Thomas Power who asked, “what happens when Facebook becomes an online bank?” The more you read about the relentless snowball effect that is Facebook, the more you realize the potential it has of uprooting entire industries (such as banking).

According to Thomas Power’s estimates, Facebook should catch and pass Google in total number of visitors sometime in 2011 if it stays on Read more…

Lending Club’s Net Annualized Returns to Investors: 9.65% APY

Lending Club has come into our radar after raising their net annualized returns to their investors by 0.60% APY. A few months ago Lending Club had provided average returns of 9.05% APY, now this number has increased to 9.65% APY.

What is Lending Club?

Essentially Lending Club has set out to eliminate the complexity of the banking system by allowing borrowers and lenders to directly invest from each other through a moderated online platform. Investors open an account and build Read more…

Lending Club’s average returns rise to 9.60% APY

Since BankVibe first dubbed Lending Club as a lucrative alternative to bank CDs, we have seen their average returns raise from roughly 7.0% APY to a whopping 9.60% APY!

Lending Club is the industry leader for peer to peer lending. They can provide better returns to investors by connecting qualified borrowers with people looking to invest money.

For those of you whom are unfamiliar with Lending Club, here are some crucial facts to Read more…

An alternative to Bank CDs (certificates of deposit)

Peer to peer lending is a relatively new concept for most conservative investors, however even the most conservative of investors should take a second look!

Lending Club, whom Harvard Business Review awarded the “Break Through Business Idea of 2009,” has rewarded investors with annual returns of 9.65% APY since it’s inception in 2007. You may customize your deposit loans based on your investing style – conservative, moderate or aggressive.

Start Investing Read more…